Hi All,
When my father died ~20 years ago he left me 25% share in a house he jointly owned with my step-mother in a life interest trust. My step-mother continued to live in the house until she recently died and the house has just been sold. I have never lived in this house.
I am unsure what I do now, the property has probably doubled in value in this time, can anyone advise:
do I need to pay CGT?
if so:
is this done on-line and how long do I have to complete this?
I am not sure what the value would have been at the time of my fathers death and whilst work has been
done to the property in the last 20 years I am not sure about those exact cost, either, do I just estimate?
this and any other advice with this matter would be greatly appreciated.
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